Americas ETP News
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Guggenheim launches first ETF providing equal weight access to S&P 100 Index
June 30, 2016--Strategic beta approach expands Guggenheim's innovative, industry-leading line of equal-weight ETFs
Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today announced the launch of Guggenheim S&P 100(R) Equal Weight ETF (NYSE Arca: OEW).
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Source: Exchange Traded Concepts, LLC
Wilshire Funds Management Assumes Portfolio Management of the AdvisorShares Wilshire Buyback ETF (TTFS)
June 30, 2016--AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that Santa Monica, California-based Wilshire Associates will assume sub-advisor responsibilities of the AdvisorShares Wilshire Buyback ETF (NYSE Arca: TTFS) on Friday, July 1, 2016.
Josh Emanuel, CFA, chief investment officer and managing director of Wilshire Funds Management, Wilshire's global investment management business unit that advises on approximately $150 billion, will serve as lead portfolio manager of TTFS. The fund's total expense ratio will also decrease to 0.90%, a 10% reduction.
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Source: AdvisorShares
Horizons ETFs Announces Closure of Certain ETFs
June 29, 2016-Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. (the "Manager") announced today that they will be terminating certain exchange traded funds ("ETFs") effective at the close of business on or about Friday, September 9, 2016 (the "Termination Date").
The classes of the ETFs being terminated (collectively, "Terminated ETFs") are as follows:
HUT, HUT.A-Horizons Cdn Equity Managed Risk ETF
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Source: Horizons
CBO-The 2016 Budget Outlook
June 29, 2016--In 2016, the federal budget deficit will increase, in relation to the size of the economy, for the first time since 2009, according to the Congressional Budget Office's estimates.
If current laws generally remained unchanged, the deficit would grow over the next 10 years, and by 2026 it would be considerably larger than its average over the past 50 years, CBO projects. Debt held by the public would also grow significantly from its already high level.
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Source: Congressional Budget Office (CBO)
AccuShares Introduces New ETF for Investing in Oil
June 28, 2016--OILU and OILD Offer Lowest Annual Expense Ratio of Any Crude Oil Exchange-Traded Product (0.29 Percent) and No K-1's
New Fund Addresses Issues With Existing Oil ETFs, Including Daily Rebalancing, Cost of Using Futures and Derivatives in a Portfolio, Transparency
AccuShares, an innovative sponsor of exchange-traded products, is introducing a new exchange-traded fund (ETF) designed to provide a better way for investors to capture the up and down opportunities in crude oil pricing and market volatility.
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Source: AccuShares
SEC Proposes Rule Requiring Investment Advisers to Adopt Business Continuity and Transition Plans
June 28, 2016--The Securities and Exchange Commission today proposed a new rule that would require registered investment advisers to adopt and implement written business continuity and transition plans.
The proposed rule is designed to ensure that investment advisers have plans in place to address operational and other risks related to a significant disruption in the adviser's operations in order to minimize client and investor harm.
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Source: SEC.gov
AccuShares Introduces New ETF For Investing in Oil
June 28, 2016--OILU and OILD offer lowest annual expense ratio
of any crude oil exchange-traded product (0.29 percent) and no K-1's
New fund addresses issues with existing oil ETFs, including daily rebalancing, cost of using futures and derivatives in a portfolio, transparency
AccuShares, an innovative sponsor of exchange-traded products, is introducing a new exchange-traded fund (ETF) designed to provide a better way for investors to capture the up and down opportunities in crude oil pricing and market volatility.
view more
Source: AccuShares
